Monday, December 16, 2024

Ticker Tape December 2024

Construction Ticker December 2024

JSW One Platforms, the B2B e-commerce arm of the JSW Group, has launched JSW One Concrete, a ready-mix concrete solution tailored to address the growing needs of the construction sector. This addition strengthens JSW One’s private brand portfolio and underscores its focus on addressing challenges such as quality, consistency, and delivery efficiency in construction materials.

Initially launched in the Mumbai Metropolitan Region, JSW One Concrete aims to expand into the top 20 ready-mix concrete-supplying cities by FY 2027, which collectively account for ~50% of India’s total RMC market share. Designed for contractors, builders, developers, architects, structural engineers, and project management consultants, the product ensures a targeted rollout with plans for phased scaling across the country.

Gaurav Sachdeva, CEO, JSW One Platforms, said, “The demand for concrete in India is rising quickly, fuelled by the country’s growing construction industry, urban expansion, ongoing infrastructure projects, and government-led initiatives. With our increased scale in the Indian B2B industry and our expertise in delivering quality, reliability, and on-time delivery, JSW One Concrete complements our existing offerings and supports our vision of building a comprehensive, value-driven platform for industrial and construction materials.”

JSW One Concrete is built on the promise of quality and on-time in-full (OTIF) service delivery, ensuring contractors and builders can meet tight deadlines without compromising standards.

By leveraging JSW Group’s in-house capabilities, including cement, GGBS, and chemical admixtures, the product ensures reliability and consistency, addressing trust issues that often impact the industry.


Interarch Building Products Limited a leader in the Pre-Engineered Buildings (PEB) and steel structure industry, has announced the commencement of Phase 2 construction at its South India manufacturing facility in Andhra Pradesh. This expansion follows the successful ramp-up of Phase 1 in September 2024 and is expected to be operational by April 2025. Phase 2 will replicate the capacity of Phase 1, further strengthening Interarch’s production capabilities in the region.

In addition to the Andhra Pradesh expansion, Interarch is also upgrading its North India manufacturing facility in Kichha, Uttarakhand. This marks the second-largest expansion for the Kichha plant since its 2021 upgrade. The enhancement will enable the plant to handle multi-story buildings and heavy steel structures, adding 20,000 metric tons of capacity. This upgrade will play a key role in supporting Interarch’s growing presence in the Indian market. With both expansions slated for completion by April 2025, Interarch’s total installed capacity is expected to exceed 200,000 metric tons annually.

Interarch is also launching a dedicated Research and Development (R&D) and Innovation Centre in Chennai, aimed at advancing engineering design and manufacturing efficiencies. Led by Engr. M. Rajan, a highly experienced structural engineer, the centre will focus on providing value-engineered solutions for heavy industries, high-rise structures, commercial buildings, and data centres. The R&D centre’s goal is to reduce project timelines by up to 30% and enhance the capabilities of Interarch’s engineering teams across India.

Commenting on the developments, Arvind Nanda, Managing Director, Interarch Building Products Ltd., said, “The Phase 2 expansion and Kichha plant upgrade are critical milestones in our growth journey, positioning us to meet the increasing demand for high-quality sustainable building solutions. Our aim for 2025 is to surpass an installed capacity of 200,000 metric tons annually.”

Gautam Suri, Whole Time Director, Interarch, added, “The launch of our R&D and Innovation Centre in Chennai demonstrates our commitment to innovation. We are focused on delivering cutting-edge solutions for industries such as heavy industries, high-rise buildings, and data centres, setting new standards in the PEB sector.”


Sumadhura Group, South India’s leading real estate developer announces the launch of three premium projects across Bengaluru & Hyderabad markets- Sumadhura’s first theme-based residential project, Mediterranean styled Sumadhura Epitome in North Bangalore; Sumadhura Capitol Residences at prime location in East Bangalore and Sumadhura Palais Royale, an uber luxury project in Hyderabad. The group is eyeing an estimated revenue potential of Rs.4000 crore from the three projects, with Rs.500 crore to be generated from Epitome; Rs.1000 crore from Capitol Residences and Rs.2500 crore from Palais Royale respectively. The launch of these three projects reinforce Sumadhura’s commitment to create exclusive living experiences with unparalleled connectivity and convenience, particularly, as homebuyers prepare to invest in their dream homes during this auspicious season.

Strategically positioned in proximity to bustling IT hubs, Sumadhura Epitome is located in Rachenahalli, North Bangalore, right behind Manyata Tech Park. It is also close to key destinations, providing easy access to major IT parks, educational institutions, shopping centers and hospitals. The other project in East Bengaluru, Sumadhura Capitol Residences is strategically located at Hope Farm Junction, ITPL Main road, Whitefield, offering excellent connectivity to ITPL Tech Park, and the nearby metro stations. The third project in Hyderabad is nestled in proximity to the thriving Financial District. Sumadhura Palais Royale will offer the residents a seamless connectivity to major business hubs, entertainment zones, and lifestyle destinations.

Sumadhura Epitome’s first phase is spread over a 3.5 acres land parcel with a saleable area of 4,38,070 sq. ft. It features three towers of 14 floors each and comprises 262 units of 2,3 and 4 BHK homes. The Mediterranean-themed project with 1.8 acres of open, lush green space and 200 species of trees, seamlessly blending nature with modern living. First phase of the project will be completed by the end of 2027.

Spread over a 4.1 acres of land parcel, Sumadhura Capitol  Residences will offer a total saleable area of 6,63,510 sq. ft. with four towers of 16 floors each, comprising 405 units of 1,2,3, and 4 BHK homes. The project encompasses 77% open space and is poised to inspire and elevate the young leaders, IT professionals, entrepreneurs and like-minded professionals seeking a vibrant, future-ready lifestyle. The project will be handed over by the end of 2027.

Sumadhura Palais Royal is spread across 7.35 acres of land parcel with a saleable area of 2.6 millon sq. ft, features a magnificent 52-storey high-rise tower spread across three wings, and comprises 523 units of 4 & 5 bed residences. Along with the high-end residences, the project will comprise a wide array of luxurious amenities and biophilic designs, inspired by a unique blend of nature and technology. Palais Royale will house an 85,000 sq. ft floating grand clubhouse, over 85% landscape area, and cutting-edge Luxury Tech integrations. The clubhouse will also have top-notch leisure facilities, wellness zones, and bespoke services. The project will also include five levels of basement parking, to be handed over by the end of 2029.

Commenting on the launch of the projects, Madhusudhan G, CMD, Sumadhura Group says – “For the first time, Sumadhura is launching three residential projects simultaneously at prime locations in Bengaluru & Hyderabad. With Sumadhura Epitome, our first theme-based project in the city, we plan to elevate the lifestyle of homebuyers seeking a unique and upgraded lifestyle. Continuing to strengthen our presence in East Bangalore, we are introducing our second new offering Sumadhura Capitol Residence at Hope Farm, Whitefield which ensures effortless accessibility to the rest of Bengaluru. Also, catering to the ever-evolving Hyderabad’s home buyers’ preferences and aspirational lifestyles, Sumadhura’s Palais Royale will bring in some of the unique elements, intertwining nature and technology, curating cherishable and memorable living experiences for the homebuyers. Madhusudhan, further added, “We look forward to bringing many more innovative, future-ready and exquisite offerings that cater to the dynamic aspirations of today’s discerning buyers, ensuring that we remain at the forefront of Bengaluru’s & Hyderabad’s real estate growth story,”.

Sumadhura Group is Bengaluru & Hyderabad based real estate developer known for its premium residential and commercial projects. With a focus on sustainable development, innovative design, and customer satisfaction, the group continues to expand its portfolio across key areas in Bengaluru and Hyderabad. The Group has 40 mn sq ft of residential development under planning and construction stage, and has delivered 12 mn sq ft of residential projects across mid-income and high-end segments since last three decades.


India’s luxury real estate market is seeing an influx of affluent buyers driven by growing demand for high-end properties. With renewed investor confidence, strong homeownership sentiments, increasing infrastructure development, and the rising cost of land and construction. According to PropEquity, NCR has seen an increase of 137% in housing prices of new residential projects. The report highlighted Ghaziabad contributing 139% between 2019 and September 2024. The area saw an increase of 14% on the housing supply front.

As more upscale projects are launched in Ghaziabad, the city has become an attractive proposition for those seeking a blend of modernity, tranquility, and convenience. Among its key neighborhoods, Siddharth Vihar stands out as one of the leading real estate locations, drawing the attention of developers and buyers. Known for its meticulously planned infrastructure and well-executed urban development, Siddharth Vihar has become a top choice for those who desire spacious, high-quality residences and modern amenities.

One of the main factors driving the area’s appeal is its strategic location. Situated close to NH-24 and the Delhi-Meerut Expressway, Siddharth Vihar offers seamless connectivity to key parts of Delhi and Noida, making it an ideal destination for professionals and families who need easy access to major commercial and business hubs. Key projects like the FNG Expressway, RRTS, and expanded metro connectivity with Noida and Delhi have drastically improved the city’s accessibility to major key locations.

Yash Miglani, Managing Director, Migsun Group, says, “The luxury housing market in Ghaziabad is undergoing a shift, offering a combination of premium living and unmatchable connectivity. The city is attracting new-age buyers who prioritize the quality of life that comes with integrated communities and modern amenities. Thus, we view this opportunity to craft and offer lifestyle-driven projects to buyers seeking aspirational living.”

Other locations, like Raj Nagar Extension and Wave City in Ghaziabad, are also witnessing healthy demand for luxury homes. They are gaining traction for their upscale properties, excellent connectivity, and access to commercial zones, making them prime choices for luxury living in NCR. Hence, renowned developers have launched several high-end residential projects in these areas, recognizing the potential of Ghaziabad.

Prateek Tiwari, Managing Director, Prateek Group, says, “The current market sentiment in Ghaziabad reflects a growing preference for luxury homes, driven by evolving lifestyle expectations. With enhanced connectivity and rapid infrastructural development, areas like Siddharth Vihar are gaining prominence as a hub for premium real estate. As buyers are increasingly looking for integrated living experiences that combine convenience, exclusivity, and modern amenities, we aim to align with these sentiments through our projects that resonate with the aspirations of today’s discerning homeowners and investors.”

Sanjay Sharma, Director, SKA Group, says, “Ghaziabad is transforming into a key hub for luxury housing in the NCR, driven by its superior connectivity, well-planned infrastructure, and value-for-money offerings. The city is perfectly positioned close to NH 24, catering to the aspirations of modern homebuyers looking for premium residences at competitive prices. Notably, Wave City, situated along the Delhi-Meerut Expressway, offers the best connectivity in the Delhi-NCR region. Since the potential for appreciation and quality of living here is unmatched for investors and homeowners, we look forward to contributing to the region, making it an ideal choice for long-term investments in the real estate market.”

As more high-end developments from renowned developers continue to shape the landscape, Ghaziabad is poised for significant growth in the luxury housing sector. The city’s blend of modernity, accessibility, and competitive pricing positions it as a key market for real estate investors, developers, and luxury homebuyers. With this momentum, Ghaziabad is set to continue attracting significant attention, making it an exciting hub for upscale residential opportunities in the future.


Welspun One Logistics Parks has announced a Rs.2,700-crore investment in a 4.45-million-sq-ft warehousing and industrial park at the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai. This expansion significantly surpasses its original plan of a 1.2-million-sq-ft facility with an investment of Rs.700 crore, reflecting growing export-import demand at India’s busiest container port.

The project will include 3.95 million sq ft of warehousing space, 2.5 lakh sq ft of Grade-A office space, and an additional 2.5 lakh sq ft of industrial space. With an annual throughput capacity of 36,000 TEUs, Welspun One claims the facility is the largest of its kind in the country. Strategically located within 5 km of JNPA’s port terminals, the park offers direct vessel access and proximity to key infrastructure such as the Mumbai Trans Harbour Link, National Highways, the Dedicated Freight Corridor (West), and the upcoming Navi Mumbai Airport. The facility is designed for efficiency, featuring three floors with 12-meter floor-to-floor height, 30-ft-wide ramps for smooth cargo flow, six-tonne floor load capacity, over four lakh pallet positions, and parking for more than 600 trucks. Welspun One highlighted the park’s potential to serve diverse sectors such as chemicals, automotive, FMCG, pharmaceuticals, and electronics, offering integrated logistics solutions that improve operational efficiency and cut costs by up to 15%. Businesses operating within the SEZ can also benefit from GST exemptions, customs duty deferment, faster customs clearance, and reduced detention or demurrage risks.

The project is expected to generate over 5,000 direct and indirect jobs. Welspun One recently raised Rs.2,275 crore through one of its funds, with 70% of the amount already committed and 45% drawn down.


Emami Realty, part of the Kolkata-based Emami Group, is set to develop two new residential projects in Chennai, covering a total area of approximately 20 lakh square feet. These two projects are part of the company’s broader plan to launch 12 residential and commercial developments, totaling around 220 lakh square feet, over the next seven years across major cities in India.

The total estimated investment for these proposed projects, which will be spread across West Bengal, Uttar Pradesh, Tamil Nadu, Odisha, and Jharkhand, is approximately Rs.10,000 crore.

Nitesh Kumar, Managing Director and CEO of Emami Realty, highlighted the company’s growing presence in Tamil Nadu, with a previous project delivered in Chennai three years ago and an ongoing project in Coimbatore. The two upcoming residential projects in Chennai will focus on upper-mid housing and are slated for completion by 2028 and 2029, respectively. The first project will span 8.5 lakh square feet and is set to be finished by 2028, while the second will cover 11 lakh square feet and is expected to be completed by the end of 2029.

Additionally, Emami Realty holds approximately 100 acres of land in Hyderabad, though the company has not yet decided whether to develop projects there or sell the land.

Out of the 12 projects planned, five will be launched outside West Bengal, and all will be developed on the company’s own land. These new projects are expected to generate total revenue of around Rs.15,000 crore, with an estimated investment of Rs.10,000 crore, which will be financed through internal accruals and the sale of completed projects.


Rajasthan has officially welcomed its first major company to a new IT city located 50 kilometers from Gurugram, signaling a significant step in the state’s push to become a tech and business hub. The announcement was made by Rajyavardhan Singh Rathore, Rajasthan’s Industry and IT Minister.

The new IT city is part of the state’s broader strategy to attract investments and create employment opportunities in the technology sector. Rathore emphasized that Rajasthan is positioning itself as a preferred destination for industries by offering world-class infrastructure and a skilled workforce.

To support this initiative, the state government is collaborating with the Tata Group to upgrade 100 Industrial Training Institutes (ITIs) across Rajasthan. The effort aims to enhance vocational training and provide industries with a pool of skilled labor to meet their demands.

“We are rolling out the red carpet for industries and ensuring they have access to both infrastructure and talent,” Rathore said, highlighting the state’s commitment to fostering economic growth and technological innovation.

The new IT city and the skill development initiative are expected to boost Rajasthan’s competitiveness and attract more investments in the coming years.


Nuvoco Vistas Corp. Ltd., India’s fifth-largest cement company, has launched the unique Nuvoco Zero M Tile Adhesive T5. This two-component epoxy-based polyurethane (PU) adhesive is designed to offer unmatched performance for fixing all types of tiles and stones on a variety of substrates in both interior and exterior applications, setting new benchmarks in the Building Material industry. The Nuvoco Zero M Tile Adhesive T5 sets new standards in versatility and durability for specialized installations. Its unique formulation makes it possible to easily fix tiles and stones to a variety of surfaces, including cement sheet, Bison panels, Wood, Gypsum Board, PVC, and metal, as well as ceramic and vitrified tiles, natural stone, glass mosaics, and porcelain

The adhesive conforms to IS 15477:2019 Type-5 ‘T’ S2 and EN 12004:2017 – “R2T”, ensuring adherence to the highest industry standards.

A standout feature of this adhesive is its ability to withstand adverse environmental conditions. It is resistant to chemicals, high temperatures, impacts, and vibrations, ensuring longevity and preventing bond failures. It’s flexible yet robust composition accommodates minor movements in substrates without cracking or delamination, making it a reliable solution for long-term installations.

Chirag Shah, Head of Marketing, Innovation, and Sales Excellence at Nuvoco Vistas Corp. Ltd said, “The Nuvoco Zero M Tile Adhesive T5 is a testament to our focus on innovation and excellence. With its unmatched versatility and superior performance, it addresses the growing demand for reliable and durable building materials in the construction industry. This launch reflects our commitment to delivering solutions that meet the evolving needs of our customers.”

The Nuvoco Zero M Tile Adhesive T5 comes in a convenient 4 kg bucket, comprising 3.65 kg of resin and 0.35 kg of hardener, ensuring ease of use. It is readily available across key regions in North, West, and East India, including Punjab, Haryana, Delhi NCR, Gujarat, Maharashtra, Rajasthan, Chhattisgarh, West Bengal, Jharkhand, Madhya Pradesh, and Odisha.


Bengaluru-based real estate developer, Brigade Group, has entered into a Joint Development Agreement (JDA) to launch a residential project spanning approximately 1 million square feet in Chennai. The development, located in the rapidly expanding West Chennai area, is part of a larger 1.5 million square feet mixed-use project. The residential project is expected to have a Gross Development Value (GDV) of around Rs.800 crore. While the company has not disclosed the identity of its development partner or the exact project location, the initiative is set to enhance Brigade Group’s presence in the city.

This strategic move further strengthens Brigade Group’s standing as a leading player in Chennai’s real estate market, contributing to the city’s dynamic growth with high-quality living and commercial spaces, according to the company’s statement.

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